BUSINESS ABROAD: Reaction to Wall Street

How has the slide in Wall Street
affected the world's other stock exchanges? To the delight of foreign
investors, the shock has been small. While there was a ripple of
selling on some exchanges, it seemed to be over by last week.

¶In London, which has traditionally been most sensitive to fluctuations in
Wall Street, stocks dropped sharply. The industrial index, which
reached an alltime high in January of 342.9. slid to 306.1, a loss of
10%, v. 13% for Wall Street at its low point. As U.S. stocks rallied
and rose on...